TCS reported a 15.3% increase in net profit to Rs 1554.20 crore on a 2.4% rise in net sales to Rs 5883.39 crore in Q3 December 2009 over Q2 September 2009. The third quarter earnings surpassed market estimates as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector.

Some prominent companies that will announce December 2009 ended quarter results on Monday, 18 January 2010, are, Jaiprakash Associates, GAIL (India), and Sesa Goa.

Mundra Port and Special Economic Zone will reportedly invest at least Rs 1000 crore in the first phase of development of non-LNG port facilities at Hazira in Surat district of Gujarat.

NMDC is reportedly in talks with Arcelor Mittal, the world's largest steel maker, to set up a joint venture steel plant in Karnataka.

State-run Hindustan Petroleum Corporation (HPCL) reportedly plans to set up a plant in Konkan region. The company is looking to invest Rs 20,000 crore for a greenfield project in Raigad or Ratnagiri districts of Maharashtra.

Mumbai-based VVF reportedly beat Mukesh Ambani's Reliance Retail to acquire three brands from detergent and home care company Henkel India, namely Aramusk and Moloy soaps and Mahabringol hair oil. The deal is estimated at Rs 22-23 crore.

DLF has reportedly decided to exit from its mutual fund venture, DLF Pramerica Mutual Fund, by selling its entire stake to the overseas partner in the venture, the US-based Prudential Financial, as the company seeks to focus on its core business. Prudential Financial (PFI) is expected to buy DLF's 39% stake in the asset management company that is yet to start operations.

Debt-laden renewable energy firm Suzlon is reported to be in talks with a few state-owned banks and other lenders to restructure loans aggregating Rs 8650 crore, aimed at cleaning up its balance sheet.

Dalmia Cement (Bharat) is reportedly planning to raise Rs 1200 crore by equity sale to part-finance its plans to double capacity in four years.

IL&FS Investment Managers, Shriram Transport Finance, ZEE Entertainment, GTL Infrastructure, Sterlite Technologies, Ajmera Realty, Somany Ceramics, State Bank of Mysore, HT Media, and Infotech Enterprises, are among the other companies that will announce December 2009 ended quarter results on Monday.

Net profit of UltraTech Cement declined 17.76% to Rs 196.03 crore in the quarter ended December 2009 as against Rs 238.36 crore during the previous quarter ended December 2008. Sales rose 1.29% to Rs 1651.81 crore in the quarter ended December 2009 as against Rs 1630.76 crore during the previous quarter ended December 2008.

Net profit of Balaji Telefilms rose 219.30% to Rs 1.82 crore in the quarter ended December 2009 as against Rs 0.57 crore during the previous quarter ended December 2008. Sales declined 22.94% to Rs 38.97 crore in the quarter ended December 2009 as against Rs 50.57 crore during the previous quarter ended December 2008.

Camlin reported net loss of Rs 1.39 crore in the quarter ended December 2009 as against net loss of Rs 1.00 crore during the previous quarter ended December 2008. Sales rose 3.94% to Rs 62.02 crore in the quarter ended December 2009 as against Rs 59.67 crore during the previous quarter ended December 2008.